Clear Lake, Indiana Cost Of Living

Buy Rent

F

Overall 42%

Goods & Services 0%

Housing 145%

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Clear Lake	Indiana	National
Cost of living	142	89	100
Goods & Services	100	96	100
Groceries	87	94	100
Health care	99	96	100
Housing	245	72	100
Transportation	106	99	100
Utilities	95	99	100

Key findings

The cost of living in Clear Lake is 59% higher than the Indiana average
The cost of living in Clear Lake is 42% higher than the national average
Clear Lake housing is 145% higher than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 31% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$74,792	$6,233	$1,745	$2,244
Renters	$58,750	$4,896	$1,371	$1,763

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.23%	3.23%

Goods & Services

Item	Clear Lake	National avg.	Difference
Haircut	$23.55	$20.27	16.2%
Beauty Salon	$33.00	$40.39	18.3%
Toothpaste	$1.77	$2.36	25.0%
Shampoo	$0.93	$1.08	13.6%
Movie	$10.70	$10.99	2.6%
Bowling	$16.89	$15.49	9.0%

Groceries

Item	Clear Lake	National avg.	Difference
Ground Beef	$3.97	$4.30	7.7%
Fried Chicken	$1.04	$1.40	25.9%
Milk	$1.49	$2.20	32.4%
Potatoes	$2.62	$3.22	18.7%
Pizza	$10.32	$10.74	3.9%
Beer	$8.93	$9.60	6.9%

Health Care

Item	Clear Lake	National avg.	Difference
Optometrist	$90.94	$109.73	17.1%
Doctor	$134.78	$118.34	13.9%
Dentist	$94.00	$100.94	6.9%
Ibuprofen	$8.52	$9.93	14.2%
Lipitor	$511.66	$469.53	9.0%

Housing

Item	Clear Lake	National avg.	Difference
Home Price	$584,000.00	$184,700.00	216.2%
Avg. Mortgage Payment	$730.80	$1,229.62	40.6%
Apartment Rent	$750.00	$949.00	21.0%

Transportation

Item	Clear Lake	National avg.	Difference
Gasoline	$2.61	$2.71	3.9%
Tire Balancing	$63.31	$51.86	22.1%

Utilities

Item	Clear Lake	National avg.	Difference
All Electricity	$154.12	$170.84	9.8%
Phone	$187.80	$187.18	0.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Nettle Lake, OH	449	80	20.0%
Camden, MI	537	81	18.8%
Reading, MI	1,062	75	25.1%
Quincy, MI	1,604	76	24.5%
Montgomery, MI	319	83	17.5%
Clear Lake, IN	465	142	41.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Avon, AL	465	88	11.9%
North Gate, CA	465	126	25.6%
Strong City, KS	465	74	25.8%
Chokio, MN	465	90	9.7%
Munnsville, NY	465	92	7.9%
Clear Lake, IN	465	142	41.8%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.